RE:RE:RE:Private Placement It obviously would not be a good thing if there was "front running" on the latest private placement, ie demand for shares being stimulated (through AGG paid IR, advertorials, paid interviews and actual results such as the DFS, solar plant, etc.) only to have that demand satisfied by relentless selling pressure being conducted in the mid-30's with the result that shares plus a bonus of a half warrant could be repurchased in the near future for 25 cents. Hopefully not.
Here's the latest AGG paid advertorial :
https://goldnewsletter.com/go072320/ Doesn't seem logical that there would have been the heavy selling pressure that was witnessed from the date of release of the DFS summary (ie mid-June) onward, with the strength of the bankable DFS and the price of gold shooting upwards.
Probably justifies the very public frog-marching out the door, that was required by the new institutional investors over at EuroSun - what a sad way to end a career on Bay Street.
As for the "on or about" July 27 closing date for the $5 million private placement - that is just an old carney trick to get crowds into the tent - stimulate demand for the placement by creating a sense of urgency.
But the quality of the Kodbada project and the price of gold, in my view, will overcome any or all these challenges eventually.